Weyerhaeuser Company Announces Results of Cash Tender Offer for Any and All of Its 6.750% Notes Due 3/15/12
Weyerhaeuser Company (NYSE:WY) (the 'Company?) announced today the
results of its previously announced cash tender offer to purchase any
and all of its outstanding 6.750% Notes due 3/15/12 (the 'Notes?) from
the registered holders of Notes (a 'Holder?), pursuant to the terms and
conditions set forth in an Offer to Purchase dated June 14, 2010 and the
related Letter of Transmittal. The Offer expired at 5:00 p.m., New York
City time, on June 21, 2010 (the 'Expiration Date?). The Settlement Date
for the Offer is expected to be one business day following the
Expiration Date, or June 22, 2010. The Company announced that it had
accepted for purchase the principal amount of Notes set out in the table
below and that the principal amount of Notes outstanding thereafter is
the amount also set out in the table below.
| Principal Amount | ||||||
| Principal Amount | Remaining | |||||
| CUSIP Number | Title of Security | Purchased | Outstanding | |||
6.750% Notes due | ||||||
962166BP8 | 3/15/12 | $548,001,000 | $517,896,000 |
Deutsche Bank Securities Inc. and J.P. Morgan Securities Inc. were the
lead dealer managers for the Offer. BofA Merrill Lynch, Citi, Goldman,
Sachs & Co. and Morgan Stanley & Co. Incorporated were the co-dealer
managers for the Offer. Global Bondholder Services Corporation was the
Depositary and Information Agent. This news release is neither an offer
to purchase nor a solicitation of an offer to sell the Notes. The Offer
was made only by the Offer to Purchase and related Letter of Transmittal
dated June 14, 2010, and the information in this news release is
qualified by reference to the Offer to Purchase and related Letter of
Transmittal.
Weyerhaeuser Company, one of the world′s largest forest products
companies, began operations in 1900. We grow and harvest trees, build
homes and make a range of forest products essential to everyday lives.
We manage 22 million acres of timberland worldwide on a sustainable
basis in compliance with internationally recognized forestry standards.
At the end of 2009, we employed approximately 14,900 employees in 10
countries. We have customers worldwide and generated $5.5 billion in
sales in 2009. Our stock trades on the New York Stock exchange under the
symbol WY. Additional information about us is available at http://www.weyerhaeuser.com.
Weyerhaeuser Company
Media:
Bruce Amundson, 253-924-3047
or
Analysts:
Kathryn
McAuley, 253-924-2058
